South Africa : 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussions; and Statement by the Executive Director for South Africa

Author/Editor:

International Monetary Fund

Publication Date:

October 22, 2008

Electronic Access:

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Summary:

This 2008 Article IV Consultation highlights that South Africa’s economic performance has strengthened in the last several years, with real GDP growing by 5–5½ percent in 2005–07, inflation declining to mid-single digits until recently, and employment growing steadily. However, 2008 saw a slowdown in activity, reflecting the cumulative impact of electricity power shortages, the global slowdown, and past monetary tightening. Executive Directors have welcomed the authorities’ pursuit of a prudent fiscal policy, and their intention to maintain a broadly neutral fiscal stance in 2008.

Series:

Country Report No. 08/348

Subject:

English

Publication Date:

October 22, 2008

ISBN/ISSN:

9781451841077/1934-7685

Stock No:

1ZAFEA2008002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

63

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